Households and NPISHs Final consumption expenditure per capita growth (annual %)

This economic indicator represents the annual percentage change in the spending habits of households and nonprofit institutions engaged in serving these households, reflecting their consumption trends over time. It is derived from household final consumption expenditure adjusted to constant 2010 prices, utilizing the World Bank's population estimates for accurate per capita assessment. This measure encompasses a broad spectrum of purchases, from everyday goods to durable items, while also considering the imputed rental value of owner-occupied homes and fees paid to governments for various permits. By including expenditures from nonprofit institutions, this indicator provides a comprehensive view of the consumption capabilities and economic health of households, offering valuable insights into overall consumer sentiment and economic vitality. Source: